We assure you that Fresno Appraisal Group is an FHA-certified appraisal firm in California.
If you have an FHA-insured loan, be sure to hire Fresno Appraisal Group, as we are approved and qualified to perform FHA appraisal reports.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Fresno Appraisal Group is well-trained on how to follow the rules and regulations provided.
An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD).
The FHA does not loan funds to borrowers. Rather, it provides lending agencies with security by offering mortgage insurance in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are built to assist low-to-moderate income homebuyers by easing credit qualifications.
Different from the VA appraiser panel, the lender working with FHA actually has the freedom to pick the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
Consumers with lower incomes or less starting funds to put down on a mortgage are assisted the most from Federal Housing Administration loan programs.
